speracado
Long

LTC Speculative Resistance Test

COINBASE:LTCUSD   Litecoin / U.S. Dollar
15M is thru the Ichimoku cloud and riding the 100MA line, 50MA is coming up nicely through the cloud. Expect heavy resistance to be the 50% fibline above this position, the Gann 8x1 line above that and then the orange line as the old high point neckline.
Trade active
Comment: Just a look at the 4HR.
Comment: Low volume, slow bleed.
Trade closed: target reached: 46.50 sold.
Trade active: Unintentionally long from 44.70-45. Who panic sells at 6AM?
Trade closed manually: Sold 47.10 down into market for a decent profit. Will catch the next wave bottom.
Trade active: Bought to break 43.10 for GDAX, other exchanges having much less resistance. 4HR looks good.
Comment: Wasn't 47.10 I'm sorry, miss-keyed 46.10*
Comment: Orange line was target (this is no longer an active position)

Comments

Good call. My last entry was 39.70. Sold everything up till 46.73ish. I am seeing another re-entry level at price target low 40s.41-43 in the next given couple of days. What do you see as a plausible re-entry price?
Reply
speracado unitednoobies
@unitednoobies, Honestly with LTC serving as this bizarre hedge to BTC lately, I see a bounce around 43-44 as possible. Price action is our best bet ^ ^ to watch.
Reply
Do you believe the ltc will drop to 40 today ?
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How can I have a chart like yours? I really like its colour and design :)
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@nafnar, Click the share button and click "make it mine"
+1 Reply
How did you get a sell at $47.10? Not showing that amount reached on any chart, exchange I have seen.
Reply
speracado mcnab_54
@mcnab_54, 46.10 I miss-keyed; I'm sorry!
Reply
Nice Work, thanks:) good day
Reply
Great stuff!
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